NewStats: 3,264,939 , 8,185,152 topics. Date: Thursday, 12 June 2025 at 09:28 PM 4y3v6

The Federal Government has disclosed plans to raise $3bn from Eurobond sales in the second week of October.

The Minister of Finance, Budget and National Planning, Zainab Ahmed, who disclosed this during an interview on Bloomberg TV on Thursday said that the $3bn constituted half of the amount needed from external borrowings to fund the 2021 budget deficit.

Ahmed said, “We should be going to the market in the second week of October. The government has approved to raise $6.1bn from overseas. So we are looking at doing half of that in the Eurobond market and the other half from bilateral and multilateral sources. Depending on how the market goes, maybe we can do a little bit more.’’

The minister noted that the Federal Government was targeting single-digit inflation by 2023.

She also said the $3.3bn Special Drawing Rights from the International Monetary Fund had helped to boost the country’s external reserves and will help stabilise the naira.

She said, “We certainly feel we have ed the worst of it. Our projection is that inflation will continue to go down throughout 2021 and 2022. Our target is to get to single-digit inflation by 2023.”

“The central bank is doing everything within limited constraints to stabilise the currency. The SDR of $3.35bn just received from the International Monetary Fund have helped shore up the reserves and will help stabilise the currency.

“Also, the withdrawal by the central bank of funding to unauthorised dealers will increase supply to the formal market to meet demand.”

On the country’s debt, she said, ‘’The government is now working to reduce its debt-service burden by increasing revenue, restructuring its debt portfolio through the conversion of expensive short-term notes into longer tenors, and also reducing its overall borrowing.

“Our target is to triple revenues from about eight per cent of the Gross Domestic Product to 15 per cent, and also grow the economy by seven per cent.”

https://punchng.com/fg-to-borrow-3bn-via-eurobonds-in-october/?utm_term=Autofeed&utm_medium=Social&utm_source=Twitter#Echobox=1631333636

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Jones4190:
A WISE MAN ONCE SAID

1. Don’t call someone more than twice continuously. If they don’t pick up your call, presume they have something important to attend to;

2. Return money that you have borrowed even before the person that borrowed you or ask for it. It shows your integrity and character. Same goes with umbrellas, pens and lunch boxes.

3. Never order the expensive dish on the menu when someone is giving you a lunch/dinner.

4. Don’t ask awkward questions like ‘Oh so you aren’t married yet?’ Or ‘Don’t you have kids’ or ‘Why didn’t you buy a house?’ Or why don't you buy a car? For God’s sake it isn’t your problem;

5. Always open the door for the person coming behind you. It doesn’t matter if it is a guy or a girl, senior or junior. You don’t grow small by treating someone well in public;

6. If you take a taxi with a friend and he/she pays now, try paying next time;

7. Respect different shades of opinions. what's 6 to you will appear 9 to someone facing you. Besides, second opinion is good for an alternative;

8. Never interrupt people talking. Allow them to pour it out. As they say, hear them all and filter them all;

9. If you tease someone, and they don’t seem to enjoy it, stop it and never do it again. It encourages one to do more and it shows how appreciative you're;

10. Say “thank you” when someone is helping you.

11. Praise publicly. Criticize privately;

12. There’s almost never a reason to comment on someone’s weight. Just say, “You look fantastic.” If they want to talk about losing weight, they will;

13. When someone shows you a photo on their phone, don’t swipe left or right. You never know what’s next;

14. If a colleague tells you they have a doctors' appointment, don’t ask what it’s for, just say "I hope you’re okay". Don’t put them in the uncomfortable position of having to tell you their personal illness. If they want you to know, they'll do so without your inquisitiveness;

15. Treat the cleaner with the same respect as the CEO. Nobody is impressed at how rude you can treat someone below you but people will notice if you treat them with respect;

16. If a person is speaking directly to you, staring at your phone is rude;

17. Never give advice until you’re asked;

18. When meeting someone after a long time, unless they want to talk about it, don’t ask them their age and salary;

19. Mind your business unless anything involves you directly - just stay out of it;

20. Remove your sunglasses if you are talking to anyone in the street. It is a sign of respect. Moreso, eye is as important as your speech; and

21. Never talk about your riches in the midst of the poor. Similarly, don't talk about your children in the midst of the barren.

22.After reading a good message try to say "Thanks for the message".

APPRECIATION remains the easiest way of getting what you don't have....
❤️♥️

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Wtf

Sai Baba

Nawaooooo

I pity the Citizens one day the foreign people go just seize this country


We're not seeing anything that they're doing in this country but everytime borrow borrow

Borrowing is the order of the day in this istration

Ewoooh

This dullard is here to kill and destroy!

I wonder who we offended as a country to be slapped with this plaque as a president.

Buhari and borrowing are inseparable and I trust our rubber stamp lawan he must approve anything brought before him by buhari

Hahahahaha!!! Debt nation

Why fg dey use our name borrow money but them no dey borrow us money

Borrow borrow


We pratically can't fund our own budget without external borrowing

Isn't it just wise to reduce our budget spending to match our projected revenue instead of borrowing

When PSG and Manchester United got CR7 and Messi, they had to offload some players to match current Reality of their wage bill, instead of borrowing



.

Nawa oh. More borrowing despite the miraculous profit from the nnpc in 44yrs

Lol

Lol... This is what you get, when you vote a lazy old hag with no brains, no productive ideas, no creativity, no business sense and an illiterate to be your President.

Buhari never had a business aside cattle rearing it was a valid sign but you lots turned a blind eye because of nepotism and stupidity.

Nigerians deal with it!

For your info 2023 is still very far, because there is enough time for this wicked and heartless man Buhari to do enough damage.

There was a country indeed

It is well.
Hold on a lil bit more my brothers and sisters

2023 is here already

Only what this country knows how to do is borrow

I pray those countries should never lend them money again whenever they ask for it amen They want to put this country in big debt before they leave office so it will be difficult for the next coming president and will make it look like the new president is doing nothing, because he'll definitely be trying to settle the bills, Nonsense!

B

This FG can borrow anything....
They borrowed this president...
The borrowed money from Asia..
They wanna borrow from europe now.
They can borrow kidney
They can burrow liver



Guess what they won't borrow..... THEY WON'T BORROW BRAIN.

What the Nigeria federal government cannot borrow does not exist.

It's the next generation that would pay for these debt oooo.

Why should we suffer from the incompetence of our leaders ?

Oil prices are dwindling, many of our buyers are finding alternative ways to power thier car and industry. Yet we still look to oil.

Africa will continue to remain where it is as long as we keep incompetent leaders.

Niger go soon borrow our great grand children future...

Kai they have finished us.

With the kind of money this ppl have borrowed

They can actually start there own country.

Bubu why?

The next 2 to 3 president must be very smart guys or else they'll be nothing left of the country for them to govern other than human beings alone....one would wonder if there's anything left in our treasury.

A country as rich as Nigeria now borrows to run the country. Isn't that pathetic? Crude oil is fast loosing its relevance. Science is providing cheaper and more ecological friendly alternatives and we're here watching and living like these things doesn't bother us. The next 5 generation will read about Buhari, Lai Muhammed, Pantami, Gumi, Farouk Lawan and co....and all they'll do in their remembrance is lay curses on them.

The way this guy's are borrowing money up a down eeee. Make I find way japa first before I pay for wetin I no know.

Borrow borrow government
Nothing wey una no go borrow
No be even say, we dey see wertin una dey borrow for.....

By the time buhari and cohort are done in 2023, The debt profile of this country even next 10th generations won't be able to payoff!

One day I will wakeup one morning and put this country up for sale on Amazon!

This government is mortgaging us because this loan will definitely be diverted instead of using it for a reasonable purpose.

The borrower is slave to the lender Prov 22:7. Another cash out season for President Sinzu and his cabals

The thing is that Nigeria can never repay these debt. The consequences will be bloody